BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply
Loans Available for BRRRR
Good Evening BP!
I was wondering if anyone had any insight on my current situation. I am looking to close on a property with my partner into our LLC. Is our only loan option the DSCR loan? Anyone have any experience utilizing a DSCR loan for a BRRRR deal? The property is NOT a full gut, but rather a cosmetic - moderate rehab.
I guess the other option would be hard money lending. If anyone has any lenders licensed in PA that work with BRRRR investors, please let me know!
Thank Yall in Advance!!
Most Popular Reply
well, you have different lenders for different needs..
so. you want a bridge lender(hard money) for the purchase and rehab. (12 month loan, higher interest) once work is done you can cash out refi (research seasoning guidelines)
DSCR is for long term purchase and refinances. many local banks and commercial banks of course can also do refis in an LLC.
- Eric Goldman
- 484-574-4878
